September 4th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $ / Sim Trade Profit $

Opening Comments @ 17:30

Stayed up to watch the market open. 
Was curious what impact the North Korean nuclear test and the US government response may have on the markets.

 The market gapped down about 10 points on the open.
Not quite enough to get us out of our position, but definitely a move in the right direction.

 This is a holiday weekend and many traders are away.
The next move may come when the European markets open at 2:30.

Virtually nothing happened on the European open.
The overnight volume is a bit stronger than expected considering the holiday weekend.

Regular hours open at 8:30 was uneventful, Bid and Ask sizes are significantly smaller than normal.
Don't expect much out of the normal hours as the market closes today at Noon.

Real Money Trading S&P 500 e-Mini
We are in a Plan B situation holding 8 contracts short at an average price of 2460.84
Target is set at 2459.50

We added one contract on Friday in consideration of the poor employment report.
We will not be as aggressive this week as we have only 2 more positions available before we reach our maximum of 10.

Based on the weekend news and the gap lower on the open I moved the target down to 2458.00.
Will adjust further as or when required.

We expect the volume to be light today because of the holiday weekend and limited trading hours.

Target of $400 per day for this week.

Flip Trade - First Entry @ 30/08/17

Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit
10:24
Short1st 2 DWN122450.25
No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

Plan B - Add to Short Position @ 30/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
13:45
1st DWN off RES132457.252452.58
Adjusted Target to 2451.50

Plan B - Add to Short Position @ 31/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
2:44
1st DWN off RES142457.502453.81
Adjusted Target to 2452.50

Plan B - Add to Short Position @ 31/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
5:35
1st 2 DWN152460.502455.15
Adjusted Target to  2454.00

Plan B - Add to Short Position @ 31/08/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
9:30
1st 2 DWN162468.252457.33
Adjusted Target to 2456.00

Plan B - Add to Short Position @ 31/08/17 
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
13:10
1st DWN off RES172467.502458.79
Adjusted Target to 2457.00
Plan B - Add to Short Position @ 01/09/17
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit
8:22
1st DWN off RES182476.002460.84
Adjusted Target to 2459.50

 Based on the gap lower on the open and the weekend news regarding North Korea and the USA I move the target down to 2458.00

Will continue to monitor and adjust as the market unfolds

Closed the day holding 8 contracts short at an average price of 2460.84
Target is set at 2458.00
Net on this position at this time is negative $3025.

Simulation Trading S&P 500 e-Mini

 Did not trade today due to the holiday hours and low activity.

Daily Summary & Charts (SIM Account)





Flipping & Recovery Strategy (Modified 21/08/17)

Plan B Concept for Flipping failed trades and recovering losses.
The fundamental  logic of this strategy is to recover the losses of a previous trade, not making a profit.

The guidelines are as follows;

1. The trigger event is when a trade does not follow,
2. The trade is flipped in the opposite direction taking the required number of contracts to recover the losses with a one point target,
3. If flipping requires more than 5 contracts ( this happens if the market runs away or if there are consecutive losing trades) we revert to Plan B.

Plan B guidelines;

Hold the position and add contracts strategically as the market runs away from the entry point to maintain a break even that is within a 50% retracement level between to last low and high of the current market cycle.
The maximum number of contracts to be added is 5 for a total position of 10 contracts.
Look for W or Support & Resistance trade signals for entry points to add contracts.
Adjust the target as necessary to near the new break even as contracts are added.
Wait for the market to come back and hit the adjusted target.

The Flipping and Recovery Strategy in the Sim account is slightly different than the Real Account.
In the Sim account we will test taking every opposing signal until we reach a maximum of 10 contracts.

Trade Signals
Signal Type
Long Signal Name
Long Signal Acronym
Short Signal Name
Short Signal Acronym
Continuation Trades
Continuation Trade – Long
Cont-L
Continuation Trade – Short
Cont-S
Trend Correction Trades
Rally off higher short-term Low – Long
HI’r-LO’s
Decline off lower short-term High – Short
LO’r-HI’s
W Trades
W Bottom – Long
W-BTM
W Top – Short
W-TOP
Support & Resistance
1st Up off Support – Long
1st UP Off SUP
1st Down off Resistance – Short
1st DWN off RES
1st 2 in a Row Trades
1st 2 in a Row Up – Long
1st 2 UP
1st 2 in a Row Down – Short
1st 2 DWN
Consolidation Trades
Consolidation Break Out – Long
Cons-BO
Consolidation Break Down – Short
Cons-BD


1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit














1st Trade
Time
Trade Direction
Signal Type
#Contracts
Entry Price
Exit Price
Trade Profit
Day Profit















No follow through to the Long side, Flip Trade Short
1 Contract to Cover
   Contracts for Recovery

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit



No follow through to the Short side, Flip Trade Long
1 Contract to Cover
   Contracts for Recovery

Flip Trade
Time
Trade Direction
Signal Type
#Contracts Cover
#Contracts Recovery
Entry Price
Exit Price
Trade Profit
Day Profit



No follow through to the Long side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

No follow through to the Short side.
Flip trade would take more than 5 contracts.
Revert to Plan B.

Plan B - Add to Long Position @
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit



Plan B - Add to Short Position @
Time
Signal Type
#Contracts Added
# Total Contracts
Entry Price
Average Price
Exit Price
Trade Profit
Day Profit



Coming into the Reg hours Open we are seeing a Long Bias.

Coming into the Reg hours Open we are seeing a Short Bias.


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